Let c and n represent the numbers of pencil and pen boxes, respectively
.. 3c +2n = 6.00
.. 2c +4n = 8.00
You can halve the second equation and subtract it from the first to get
.. (3c +2n) -(c +2n) = 6.00 -4.00
.. 2c = 2.00
.. c = 1.00
Then
.. 1.00 +2n = 4.00 . . . . . half the original second equation with c filled n
.. 2n = 3.00
.. n = 1.50
A box of pencils costs $1.00; a box of pens costs $1.50.
Answer: the interest on the loan is $39.38
Step-by-step explanation:
The formula for determining simple interest is expressed as
I = PRT/100
Where
I represents interest paid on the loan.
P represents the principal or amount taken as loan
R represents interest rate
T represents the duration of the loan in years.
From the information given,
P = $350
R = 4.5%
There are 12 months in a year. Converting 30 months into years, it becomes
30/12 = 2.5. so
T = 2.5 years
Therefore
I = (350 × 4.5 × 2.5)/100
I = $39.38
Correct hence this answer
